Dublin, April 30, 2024 (GLOBE NEWSWIRE) -- The "High Temperature Plastics - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global High Temperature Plastics Market to Reach $29.9 Billion by 2030
The global market for High Temperature Plastics estimated at US$20.2 Billion in the year 2023, is projected to reach a revised size of US$29.9 Billion by 2030, growing at a CAGR of 5.7% over the analysis period 2023-2030.
The global economy is experiencing a resurgence, bringing an optimistic outlook, particularly for markets like high temperature plastics (HTPs), which are sustaining growth momentum. Current and future analysis of the HTP market highlights its sustained growth trajectory, driven by factors such as advancements in product segments and the obsolescence of conventional materials in various applications.
Fluoropolymers, one of the segments analyzed in the report, is expected to record a 4.3% CAGR and reach US$11.5 Billion by the end of the analysis period. Growth in the Polyimides segment is estimated at 6.2% CAGR for the next 7-year period.
The competitive landscape of the HTP market reveals key players and their market share percentages in 2024, indicating a dynamic industry poised for continued expansion and innovation.
The U.S. Market is Estimated at $6.1 Billion, While China is Forecast to Grow at 5.5% CAGR
The High Temperature Plastics market in the U.S. is estimated at US$6.1 Billion in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$5.3 Billion by the year 2030 trailing a CAGR of 5.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 4.7% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.8% CAGR.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 294 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value (USD) in 2023 | $20.2 Billion |
| Forecasted Market Value (USD) by 2030 | $29.9 Billion |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Recent Market Activity
- A Prelude
- Resurgence in Global Economy Extends Optimistic Outlook
- High Temperature Plastics Market Sustains Growth Momentum
- Current & Future Analysis
- Analysis by Product Segment
- HTPs Make Conventional Material Obsolete
- Competitive Landscape
- High Temperature Plastics - Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
- Global Economic Update
MARKET TRENDS & DRIVERS
- Innovation Sustains PTFE Market
- End-Use Markets Spur Demand
- Rising Demand for Fluoropolymers in Healthcare Sector
- Fluoropolymer Pricing Trends in the Recent Past
- Falling Capacity of Resin Producers Results in Supply Shortage in Recent Past
- Fluoropolymer Raw Materials - An Overview
- Regulations Affect Fluoropolymer Supply
- Strong Demand on Cards for Polyimide Films
- Polyimide Films Find Use in Medical Sector
- High Performance Polyamides
- Polyphthalamide - Driving HPPA Growth
- Potential Opportunity from Extreme High Temperature Thermoplastics
- Innovations: Cornerstone of HTP Market Development
FOCUS ON SELECT PLAYERS(Total 84 Featured)
- 3M (USA)
- Arkema Group (France)
- Asahi Glass Company, Ltd. (Japan)
- BASF SE (Germany)
- Celanese Corporation (USA)
- Chevron Phillips Chemical Company (USA)
- China Lumena New Materials Corp. (China)
- Covestro AG (Germany)
- Daikin Industries Ltd. (Japan)
- DIC Corporation (Japan)
- DowDuPont, Inc. (USA)
- DSM Engineering Plastics (The Netherlands)
- EMS-Grivory (Switzerland)
- Evonik Industries AG (Germany)
- Kuraray Co., Ltd. (Japan)
- Mitsui Chemicals, Inc. (Japan)
- Performance Plastics Ltd. (USA)
- Polyplastics Co, Ltd. (Japan)
- Radici Partecipazioni SpA (Italy)
- SABIC (Saudi Arabia)
- The Solvay Group (Belgium)
- Sumitomo Chemical Co., Ltd. (Japan)
- Toray Industries, Inc. (Japan)
- Victrex Plc (UK)
For more information about this report visit https://www.researchandmarkets.com/r/5pmx4g
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